alphaheim User Guide

Dynamic Trend Duo Expert Advisor

anonymous@undisclosed.example.com (Anonymous) — Mon, 23 Nov 2020 10:30:32 +0000

Dynamic Trend Duo Expert Advisor

System Overview

Introduction

The alphaheim Dynamic Trend Duo (DTD) is a fully automated trading expert advisor (EA) based upon two proprietary price action determinants. The first metric inspects the behaviour of the trend depth and assigns one of three biases, namely, bullish, bearish or ranging. The second metric determines the trend based upon recent close prices relative to specific highs and lows. The EA allows initial trade triggers to be determined by a single metric, with a confirmation of the alternate metric, with the order of precedence interchangeable.

Our DTD EA grows the account utilising dynamic risk management, with a strong factoring of current market volatility. The EA will inspect the reading of the ATR and set the initial trading lot size accordingly.

There are no stop losses used within this EA, but can be set manually if desired. The ideal utilisation allures to allowing multiple trades, and lowering the target price level, in the case of an incorrect signal. This means that when the maximum number of trades is set to higher than 1, there will be an omni-directional grid forming. The target for the grid will be based on the average buying price plus the user defined target (in pips). For our US clients, we have added functionality to allow for FIFO compliant trading.

Inputs

EA Magic Number

Each trade associated with the current instance of the EA will have this unique number associated with it.

FIFO Lot Modifier

For trading to be compliant with FIFO regulations, this input must be set to true when the “Max. # Open Trades” is greater than 1. When activated, the initial lot size will assume the identical lot size to standard operation, but for each additional trade the minimum lot size for the given symbol will be added.
For example, assume the minimum lot size is 0.01, and the base lot size is 1.00, with 4 maximum trades. The 1st trade will be for 1.00, with the 2nd at 1.01, 3rd at 1.02 and 4th at 1.03.

Max. # Open Trades

For any given signal, this is the maximum number of trades for a single signal.
The spacing of additional trades will depend on the ATR settings defined below.

Hidden TP

If you would like to hide the Take Profit from your broker, set to true.
When enabled, lines will be drawn on the chart to indicate profit targets.
Please note, hidden TPs automatically account for the spread. In the case of a short position, the symbol’s Ask price must be below the TP, rather than just the Bid price, as shown by default on MetaTrader.

Trade Direction

Isolate trading to a single direction.

Position Size Method

When set to “Dynamic Balance Risk”, the EA will auto-calculate the lot size, based upon the “Balance Risk % (Dynamic)” and ATR settings defined below. This is only an augmented calculation – meaning the drawdown for a given basket will not be restricted to the defined “Balance Risk % (Dynamic)”.
When set to “Fixed”, the EA will use the “Lot Size (Fixed)” input to determine the trading lot size. In the case of FIFO disabled, every trade will assume this size.

Balance Risk % (Dynamic)

When “Position Size Method” is set to “Dynamic Balance Risk”, the base lot size will be calculated upon this value. The EA will take the current account balance, and take the Balance Risk, as a percentage. Then, dependent on the current ATR reading, the trading lot size will be adjusted accordingly.

Average TP (Pips)

The average target for a given basket of trades, defined in pips.
Examples of long trading baskets, with input set at 12
- 1 Trade, entered at 1.000
  - Target = 1.012
- 2 Trades, entered at 1.000 and 0.900
  - Target = (1.000+0.900)/2 + 0.012 = 0.962
- 3 Trades, entered at 1.000, 0.900 and 0.800
  - Target = (1.000+0.900+0.800)/3 + 0.012 = 0.912

Minimum Step (Pips)

Only used when “Max. # Open Trades” greater than 1.
Input defines the minimum gap between trades. This acts as a safety net if the ATR reading, combined with the “ATR Multiplier” is too low.

ATR Timeframe

Volatility assessment (ATR) from the defined timeframe.

ATR Period

Averaging period for the ATR indicator.

ATR Multiplier

When utilising basket trading, this multiplier is used.
For example, if in a long position at 1.000, the price must drop to 1.000- (ATR[current]*Multiplier).
Please note, this multiplier is not used when determining the trading lot.

Maximum Slippage (Points)

As all positions are entered at market prices, the slippage should not be a significant factor. Please adjust based on the average slippage for your broker.
The default value of 3 is set for ECN brokers with Forex.
If trading on an Index, or similar, it would be wise to adjust up to 30-300.

Terminal Alerts

Receive Pop-Up alerts within the terminal.

Mobile Alerts

Receive alerts within all connected mobile devices.
For this feature to operate, you must have the MetaTrader mobile app installed on your device, and you must enter the device’s MetaQuotes ID into the main MetaTrader terminal, under Tools→Options→Notifications.

Email Alerts

Receive alerts at the specified email address.
For this feature to operate, you must define email settings into the main MetaTrader terminal, under Tools→Options→Email.

Trading Methodology

Determines the order in which indicators are logically checked for a potential trade.
“Trend Depth Change”
- The trade is triggered when a change in trend depth is detected.
- The depth change is confirmed with the direction of the price action Shackle.
“Shackle Change”
- The trade is triggered when a change in price action shackle is detected.
- The shackle change is confirmed with the bias of the trend depth.

Check Lot Volatility vs Min Step?

When set to true, and “Position Size Method” is set to “Dynamic Balance Risk”, there is an additional check for the initial trading lot.
After inspection of the ATR reading, if the ATR is below the “Minimum Step (Pips)”, the minimum step is used to calculate the lot size, rather than ATR.

Notify Profit

Show profit on the upper left information panel.

Notify Magic Number

Show EA magic number on the upper left information panel.

Show Close All Button

Create button to close all trades within specific instance of EA with a single click.
This will not close all trades for the account. It will only close trades related to the specific EA, for which profit is currently being tracked.

Scaling Mode (Resolution & DPI)

If the information panel on the top left is unreadable, this scaling option increases readability.

Use Trading Time Modifiers

Allows usage of the trading restrictions based on day/time below.

Trade Monday/Tuesday/Wednesday/Thursday/Friday

Restricts trade entry to the days specified.

Use Zone Restrictions

Restricts trade entry to the strike times defined below.

Zone X Start

The starting trading time for a specified zone.
Please note, the dates for the start do not need to be defined, and are not looked at.
For example, if “Zone 1 Start” is set to “1990.01.01 00:45”, Zone 1 will activate at 12:45am for every trading day which is permitted.

Zone X End

The ending trading time for a specified zone.
Please note, the dates for the end do not need to be defined, and are not looked at.
For example, if “Zone 1 End” is set to “1990.01.01 06:00”, Zone 1 will terminate at 6:00am for every trading day which is permitted.

Weekend Close Out

Closes all positions on Friday, x hours before specified “Zone 3 End” time.
Where x is “Weekend Close Shift (Hours vs Zone 3)”

Trend Depth Timeframe

The trend depth will be derived from the specified timeframe.

Trend Depth

The internal depth for the calculation.
A depth of 1 is equivalent to a 1 bar fractal.
It is recommended to keep this input as 1, but may be adjusted to 2.
When set at higher depths, the sensitivity is heavily reduced. We do not recommend setting the value higher than 3.

PA Shackle Timeframe

The Price Action Trend Shackle will be derived from the specified timeframe.

PA Shackle Length

The length for which close prices should be compared against highs and lows to attain the Trend Shackle Bias.
There is sufficient flexibility in this input, and can be set at any value. We do not recommend values less than 10, or greater than 250.

Trend Depth

How does it work?

Our internally calculated Trend Depth bias forms 50% of the trigger for the DTD EA. The Trend Depth analyses the behaviour of fractals with specified depth. The formation of a single Higher High (HH) or Lower High (LH) does not automatically shift the Trend Depth bias to bullish. The reverse logic for Lower Lows (LL) and Higher Lows (HL) has a similar irrelevance for a bearish bias. Our proprietary algorithm uses the key points relative to other critical metrics, and then assigns a bias of bullish, bearish or ranging.

Please note, due to the proprietary nature of the determinant, it will not be visible on the chart during testing or live operation.

Price Action Trend Shackle

How does it work?

The remaining 50% of the DTD trade trigger is derived from the Price Action Trend Shackle. The shackle inspects the close price, or current price in the case of the current candle, relative to the behaviour of highs and lows within the defined Shackle Length.

Please note, due to the proprietary nature of the determinant, it will not be visible on the chart during testing or live operation.

Important Considerations

Trade Tracking

Once an EA has been applied to a specific chart, for a specific timeframe, the EA will only continue for as long as the conditions remain. If the chart timeframe is changed altered when an EA is active, the EA will de-initialise, then reinitialize as if new. This will also occur if the EA settings are altered after it has already applied. If the EA has placed a trade, and any of the above occur, the EA will no longer track the trades that have been opened. This circumstance will extend where your VPS/machine restarts during an open grid.

Pip Denominations

For simplicity, and workability across symbols, the definition of a pip has been simplified.
For 5-Digit symbols, a pip is classified as 0.00010.
For 3-Digit symbols, or less, a pip is defined as 0.010.
Please take this into careful consideration when applying the EA to metals and equities.
For example

If EURUSD is defined similar to 1.18581, i.e. has 5 digits, a single pip is 0.00010.
If USDJPY is defined similar to 103.834, i.e. has 2 digits, a single pip is 0.010.
If Gold (XAUUSD) is defined similar to 1870.91, i.e. has 2 digits, a single pip is 0.01.

MetaTrader 5 Advantages over MetaTrader 4

It is highly recommended to utilise this EA on MetaTrader 5, where possible.

For this EA, the main advantages of MT5 can be utilised due to the higher number of available timeframes. Both trade triggers and volatility assessment have effective use on timeframes not available on MT4, such as H6 and H12.

Please note, the EA will not function on MetaTrader 5 Netting Accounts. Currently, we only support MetaTrader 5 accounts which are structured as Hedging Accounts. We aim to provide support for Netting accounts in the near future. All MetaTrader 4 accounts are supported.

MetaTrader 4 Drawdown warning

When utilising the strategy tester on MT4, please be aware of the draw-down limitation. The reported draw-down figure is maximal, and does not reflect the maximum relative draw-down, a feature which is included in MT5. For an EA such as this, the maximum relative DD is likely to be higher than the result reported in MT4.

Risk Warning

Under certain configurations, our DTD EA can return very high returns. Please be aware that under these conditions, there is a high maximal relative draw-down.

Getting Support

anonymous@undisclosed.example.com (Anonymous) — Thu, 12 Nov 2020 01:27:34 +0000

Getting Support

In the case where users are having issues with installation, we highly advise to open a support ticket as soon as possible.

Open a Support Ticket
Note: Clicking the button above will direct you to ticket portal for logged in subscribers. Please refrain from sending emails for installation assistance since emails are only reserved for general, sales and billing support.

Grid Expert Advisor

anonymous@undisclosed.example.com (Anonymous) — Sat, 12 Dec 2020 18:04:12 +0000

Grid Expert Advisor

System Overview

Introduction

Grid trading is when orders are placed above and below a set price, creating a grid of orders at incrementally increasing and decreasing prices. An advantage of grid trading is that it requires little forecasting of market direction and can be easily automated. Major drawbacks, however, are the possibility of incurring large losses associated with running and/or closing multiple positions in a large grid. Our grid “Hedge Zone” implementation provides a theoretically lossless grid trading system, under certain conditions, and practically lossless if operated correctly.

The alphaheim Grid EA implements a bi-directional (or dual grid) system, to have both a long and short exposure at every grid level. For this reason, this EA is not FIFO compliant, and would not be suitable for US clients.

Our grid system has been designed with account growth in mind. There are no static definitions of lot sizes, not profit targets, and are calculated within the EA for a convenient trading system.

We have implemented this system with complete stealth. There are no limit orders, and no stop loss/take profit levels.

Inputs

EA Magic Number

Each trade associated with the current instance of the EA will have this unique number associated with it.

Base Timeframe

When utilising Dynamic grid sizing (i.e. when Use Fixed Grid = False), the candles used to form the grid range will conform to this selected timeframe.

Augmented AB (%)

Augmented Account Balance
A drawback of a grid trading system is relatively high drawdowns.
This set percentage will augment how much of the available balance/equity should be allocated to an individual grid.
This will lower overall account drawdown and allow for multiple grids on the same account.

Position Size Method

Determines the base lot size, for a regular grid level trade.
When set to Fixed, the Lot Size (Fixed) input will be utilised.
When set to Dynamic Balance Risk, the Balance Risk % (Base/Trade) input will be utilised.

Balance Risk % (Base/Trade)

This will determine the lot size for a specified trade.
This is not the total risk for a given grid.
For a given grid level, the EA will look at the distance between subsequent levels, and calculate the lot size, such that a position with a SL of said distance, would lose the risk %.

Dynamic Targets

Statistical methods often require that EAs seek profit targets with reference to the initial starting balance, rather than the current account balance.
When set to true, any target, e.g. TP, SL, will be based upon the current account balance, at the time of grid formation.
When set to false, targets will be based upon the initial account balance, and will not grow/recede with the current account balance.

Account TP %

Upon initialisation of a grid, the EA will evaluate a profit target. Given the Augmented AB, the grid will seek a net profit of this percentage, inclusive of all commission and swap costs.

Max Number of TPs

After the EA has successfully logged a profit x times, the EA will be removed from the chart, and will seize to function until manually reloaded.
To disable, set to 0.

Max Grid Loss TP Multiple

If the current loss for a given grid, exceeds the negative multiple of the TP target, all trades will be closed, and a new grid will be formed.
To disable, set to 0.

Receive TP Notification (Mobile)

Enables push notifications to your mobile device for key grid metrics.
For this feature to operate, you must have the MetaTrader mobile app installed on your device, and you must enter the device’s MetaQuotes ID into the main MetaTrader terminal, under Tools→Options→Notifications.

Use Fixed Grid

If set to true, the grid will be created according to the defined fixed grid criteria.
If set to false, the grid will be dynamically created using either number of candles, or time-based ranges.

Fixed Grid Range (Pips)

For a fixed grid setup, this will define the range of the grid, from the top to the bottom.

Fixed Grid Step (Pips)

For a fixed grid setup, the size of the gap between grid lines, in pips.

Rounded Fixed Grid

For a fixed grid, if set to false, the center line for the grid will take the current bid price, with subsequent levels surrounding. If set to true, the current bid price will be rounded to match the grid step level.

Dynamic Range Period

Assuming Use Fixed Grid = False, this input will determine how the grid range is formed.
If set to 0, the range will be time based (Sessions), which are later defined.
Otherwise, this input will be the number of candles for which the EA will look back, to determine the top and bottom of the trading range.
For example, if set to 100, and the Base timeframe is set to 1 Hour, then the EA will calculate the range over the last 100 hours, at the point of grid creation.

Range Extension (Percentage)

When utilising historical ranges, it is often the case that the market will respect the ranges, but extend a certain percentage, prior to ranging within the same period.
When set, the candle/time-based range will be extended by the set percentage, around the center price.
For example, when set to 200%, the grid will extend the range top by 100%, from the central line, and the range bottom by 100%, from the central line.

Number of Grid Lines

After computing the grid’s trading range, the number of grid lines will be determined by this input. Subsequently, given the range of the grid, and the number of lines, the distance between grid lines will equal Grid Range / Number of Grid Lines.

Minimum/Maximum Grid Interval (Pips)

If the dynamically created grid attempts to enforce spacing under the minimum threshold. Or above the maximum threshold, the grid will not be drawn, and trading will not take place.

Maximum Open Risk

Our Open Risk calculation takes every trade currently open, and augments a stop loss, according to the grid boundaries, and either displays as a percentage of current account balance, or initial account balance.
When set to 0, no trading restrictions will apply.
Otherwise, when the current open risk exceeds the maximum, the EA will not open trades until open risk reduces. The closing of existing trades will operate as usual.

Use Shifting Grid

Only suitable for grids with fixed step definitions.
Utilising this feature will allow for an “Infinity Grid” implementation.
As the price shift up/down, the grid will move in the corresponding direction.
Typical bi-directional grid trading will occur within the lines.
If the grid shifts beyond a level that has an open position, the position will be automatically closed.

Max Number of Trades

For every individual grid, if the number of trades for that singular grid exceeds x, the grid will close as soon as the grid is in profit or broken even.
To disable, set to 0.

Maximum Spread (Points)

If the current spread for the symbol is greater than this ceiling value, then no trades will be permitted. If a grid line is crossed during a restricted period, favourable trades will be closed at a higher than intended profit. The skipped trade level will only be entered once it has been crossed again during an unrestricted period.
To disable, set to 0.

Use Trend Handler

This function will restrict long/short entries based upon the general market trend, determined by our Triangular Moving Average Indicator.
If the indicator returns a trending market, with a long bias, only long positions will be permitted. Conversely, if the indicator returns a trending market, with a short bias, then only short positions will be permitted.

Use Momentum Handler

This function will prevent additional positions, based upon the net number of positions in that direction.
For example, if “Max Trade Imbalance (Momentum)” has been set to 3, and a grid currently has 4 longs and one short, as price continues to move down, long positions will no longer be permitted.

Use Momentum Trade Closer

This function will close the most trailing trades, as soon as the “Max Trade Imbalance (Momentum)” has been met.
For example, assume the price is moving up, whilst the “Max Trade Imbalance (Momentum)” has been set to 3, with 4 open short positions and 1 open long. As soon as the next higher grid line has been reached, the short position with the greatest distance from the current price will be closed at a loss.

Max Trade Imbalance (Momentum)

The Imbalance (relevant difference between number of long and short positions) for the Momentum functions above.

Use Imbalance Multiplier

Sometimes it is the case that a grid is formed, and trades occur, but then a trend develops. In this situation, you will have many trades against the current movement of price. This means that whilst you will indeed be closing profitable trades, the losses you are holding onto from previous trades get larger.
One possible solution is to increase the position size of subsequent trades in the direction of the current trend. When the number of buys and sells currently in the grid differs by “Min Trade Imbalance (Imbalance)”, the new positions will have a modified size.
If “Use Volume Multiplier” is set to true, the function will look at your net lot exposure in the incorrect direction. It will then multiply it by “Imbalance Lot Multiplier” to get the new position size.
If, “Use Volume Multiplier” is set to false, the new position size will be the grid base lot size multiplied by “Imbalance Lot Multiplier”.
This function operates well in trending conditions, but does indeed increase risk.

Imbalance Trend Check

This function restricts the implementation of the Imbalance Multiplier.
If set to true, the imbalance function will only operate if the TMA indicator also has a bias in the direction of the current intended trade.

Grid Breach Check

This function will determine the EA’s behaviour once price has exited the pre-existing grid.
If set to true, the EA will classify price as being outside of the grid, only when “Number of Candles Breached” successive candles have closed outside of the grid. The logic following a grid breach is described within the inputs below.
If set to false, no trading will occur until the price retracts back within the grid, or manual intervention.

Hedge on Breach

Once it has been determined that price is outside of the grid, a hedging procedure may proceed.
If set to false, no hedging will occur. All trades will be closed, at a likely loss, and the grid will be reset.
If set to true, a “hedging zone” will be created, based on the “Hedge ATR Multiplier” multiplier of the ATR, centralised around the closed candle. The hedge zone will have a top, named “zoneTop”, and a bottom, named “zoneBottom”.
If price returns to the grid and closes within the grid for “Number of Candles Breached” successive candles, prior to placing any hedge trades, the hedging procedure is cancelled.
If price continues toward the outermost zone level, a larger lot position will be placed. If “Use Closed Candle for Hedge Opening & Closing” is set to true, the price must first close outside of the zone level.
The size of the position will depend on the “Hedge Pip Target”. The EA will evaluate all open positions, and calculate the lot size, such that the grid breaks even, and resets, when the hedge position reaches the “Hedge Pip Target”.
If the target is not met, and price reaches the opposite zone level, the preceding hedge position will be closed, and a new position will be calculated and entered.
This procedure will continue until the market moves in either direction, by the “Hedge Pip Target”.
This implementation allows for the possibility of every grid formation to breakeven, provided sufficiently large lot sizes and suitable liquidity.
The market will eventually move in either direction, but if price ranges within the hedge zone for an extended period of time, the losses will accumulate. This theoretically lossless implementation is transferred to practicality when combined with sensible augmentation of the account balance. Brokers also restrict maximum lot sizes by default. For the “Hedge Pip Target” to be accurate, the calculations should not be hindered.
An illustration is provided below of two hedge positions. The initial long hedge did not meet the desired target, and was forced to close at a loss, followed by a short hedge position. The hedged short position did permit the grid to breakeven, and the grid routine continued as usual.

Use Range Grid Reset

Whilst a grid is active, if a trend develops, and the TMA indicator no longer identifies a ranging market, the grid will close all trades and restart, irrespective of whether the grid is in a profit or loss.

Use Range Entry Limiter

Before a grid can be formed, there is a check to see if the market is trending. If the TMA indicator identifies a ranging market (Purple histogram), the grid is formed. Otherwise, the EA will wait until the condition is met.

Server Open/Close Restrictions

Time based entry and exit restrictions, based upon GMT time.

Show Close Trades / Suspend Buttons

Enables the drawing of two buttons on the chart
”Close All Trades” – This will close all trades for the current grid and reset to form a new grid.
”EA Toggle” – This will temporarily pause the EA from trading, until manually reactivated using the same button.

Panel Pixel X/Y Shift

If the information panel is incorrectly drawn, these inputs will help spread/restrict the drawing. It is a good starting point to use multiplies of 10 for both inputs.

Half Length

Averaging period for the underlying TMA line.

Applied Price

Input data for the underlying TMA calculations.

Deviation

Standard Deviation from TMA line for formation of channel.

Min. Range (%)

Ceiling percentage for a Ranging market classification.

Lookback Period

Search period, from the current candle, to seek highest and lowest points of the channel.

Only trade sessions once

When using session-based ranges, trading the same range multiple times may not be a wise idea, especially if the ranges do not cover a sufficiently large window.
If set to true, once a grid has been closed, regardless of profit or loss, in a set session, a new grid cannot be traded until a new session is entered.

Use Session X

Enables trading based upon the defined session times.
All Session times are based upon GMT times.

Range Start [Session X]

Our range calculation methodology is only precise to the given hour. Any inputs in the minutes/seconds fields will be ignored. Similarly, the Year field is also ignored.
The Day inputted in the date field will reference the day index, for the start of the range, with 1 = Monday.
The Month inputted in the date field, will reference how many weeks back the range start should be shifted, with a shift of one.
Weekend overlaps are automatically calculated, and does not require any alteration of the Month field.

Range End [Session X]

This input will decide the day and hour on which the session range will end, and be subsequently calculated upon.

Trading Zone (Hours) [Session X]

A grid may be formed within this number of hours, after the Range End.

Zone End Delta (Hours) [Session X]

When set to -1, a grid formed upon a session, will only close on manual closure, or meeting a predetermined SL/TP target.
If set to 0, if there is an open grid at the end of the Trading Zone (Hours), then the grid will be closed, regardless of profit or loss.
If set otherwise, the grid will be closed at the Trading Zone + Zone End Delta, regardless of profit or loss.

Session Setting Examples

Monday 01 00 – Wednesday 12:00, whilst allowing the grid to trade the range for 24 hours, and no time-based exit.
- Range Start = 1990.01.01 01:00:00
- Range End = 1990.01.03 12:00:00
- Trading Zone = 24
- Zone End Delta = -1

Friday 19 00 – Tuesday 06:00, whilst allowing the grid to trade the range for 12 hours, and strict exit at the end of the trading zone.
- Range Start = 1990.01.05 19:00:00
- Range End = 1990.01.02 06:00:00
- Trading Zone = 12
- Zone End Delta = 0

Thursday 12:00 – Monday 03;00, shifting the range start by 2 weeks, whilst allowing the grid to trade the range for 72 hours, and strict exit at the end of the trading zone + 1 day.
- Range Start = 1990.03.04 12:00:00
- Range End = 1990.01.01 03:00:00
- Trading Zone = 72
- Zone End Delta = 24

Important Considerations

Grid Trading Considerations

The success of Grid Trading very much depends on the currency pair it is executed on. Trending markets are bad for grid strategies, and some currency pairs are more likely to trend than others. Typically, trending pairs are when there are large interest rate differentials between the currencies, for example, AUDJPY and NZDJPY.

For 2020, a current view of market volatility is provided below.

In addition to a currency pair’s likelihood of trending, it is important to take account its possible trading range. For example, AUDJPY highest high in the last 20 years was 107.83 and the lowest low was 54.92 –almost 5300 pips.

EA Considerations

Trade Tracking

Pip Denominations

For simplicity, and workability across symbols, the definition of a pip has been simplified.
For 5-Digit symbols, a pip is classified as 0.00010.
For 3-Digit symbols, or less, a pip is defined as 0.010.
Please take this into careful consideration when applying the EA to metals and equities.
For example, applied to Gold, to have a grid line every $1.00, you would enter the pip value as 100.

Price Action Indicator

anonymous@undisclosed.example.com (Anonymous) — Thu, 12 Nov 2020 01:41:36 +0000

Price Action Indicator

System Overview

Introduction

Our price action indicator presents a simple histogram showing the relative position of price against a user defined moving average.

When price is above the selected moving average, the histogram will display a bullish bias. Conversely, when price is below the moving average, a bearish bias will be displayed.

Inputs

Averaging Period

The averaging period for the Moving Average.

Applied Method

Type of Moving Average applied to the data feed.

Applied Price

Type of data input for the Moving Average calculations.

Getting Started

anonymous@undisclosed.example.com (Anonymous) — Thu, 07 Sep 2023 12:40:48 +0000

Back to alphaheim.com

Wiki & Documentation

anonymous@undisclosed.example.com (Anonymous) — Wed, 02 Dec 2020 23:10:42 +0000

Wiki & Documentation

Our Wiki (User Guide) has been designed to answer any questions you may have about our products, and provide a thorough explanation of how to best utilise our products. Check back regularly for updates when new indicators, EAs and dashboards are released.

The search feature is available on the menu bar above.

Prospective clients: Contact us via live chat or email.

Current clients: Submit a support ticket or contact us via email or phone.

Installation Instructions Submit a Ticket Email & Live Chat

Timing Indicator

anonymous@undisclosed.example.com (Anonymous) — Thu, 12 Nov 2020 02:08:04 +0000

Timing Indicator

System Overview

Introduction

Our timing indicator can be used to anticipate a decisive trend setting period within a given symbol.

When using the pre-set thresholds of 8 and -8, a bullish timing candle crossing the threshold can signify a possible bullish trend. The converse is true for a bearish candle crossing the -8 threshold.

When combined with a double application of out Volume Insight indicator, we have found this strategy to have a high probability of success, c.80%.

Inputs

Number of Bars

The look-back for how many bars the timing indicator should be calculated upon.

Trend Bias

anonymous@undisclosed.example.com (Anonymous) — Thu, 12 Nov 2020 01:31:22 +0000

Trend Bias

System Overview

Introduction

What is the Trend Bias Indicator? We have developed a proprietary points-based scoring mechanism to help identify the current market trend, and possible trend continuation. Our algorithm encompasses several different factors key for prediction, whilst also ensuring that the indicator does not lag.

The indicator will oscillate between +6 and -6, to visualise the direction bias at any given moment. By utilising a non-lagging approach, the key components of the algorithm adjust to big swings within the market. Algorithm Components

Our trend bias indicator has been constructed using three core components.

Superimposed Cyclical Trend Analysis
1. Zero lag
2. Exact synchronization with the Trend cycle component in the data
3. Significance between slope and each data point of the trend cycle period.

Normally distributed Trend Direction (and extrema)
1. Heavily reduced lag.
2. Conversion of non-normally distributed market price.

Cyclical Price Action Analysis
1. Negative lag.
2. Cyclical turning points in price action.
3. Negative group delay on first harmonic output of price data.

Indicator

Inputs

Trend Cycle Length

The number of bars in the cyclic trend component.

Trend Direction Length

The number of bars in the normalised trend direction component.

Price Action Cycle Period

The number of bars in cyclic price action component.

Price Action Cycle Bandwidth

The tolerance of the measurement of the price action cycle period.

Trading Techniques

Zero/Threshold Cross

A possible trading strategy may be to enter in the direction of the crossover with respect to the threshold value. As this is a lag reduced indicator, crosses will be frequent on lower time frames.

Gradient Shift at Extremum's

Another possible implementation is to trade a shift in gradient, provided the signal has been at an extremum for a specified period. In the example above, the signal had been fixed at +6 for 5 periods, then shifted downward.

Additional Filters

The cumulative output of this indicator reveals crucial information about the possible future outcome of a given symbol. Whilst it is impossible to predict where the market will go, our Trend Bias indicator provides a useful insight into the strength of the possible outcome, helping filter false signals from other trading systems, whilst also reinforcing accurate signals.

Dashboard

Overview

The trend bias indicator gives a useful insight into the symbol’s general bias on a specific timeframe, but it also imperative to get a larger overall view of the symbol’s market bias. Our Trend Bias dashboard provides a larger overview of the entire market through 4 colour codes, dependent on a user defined strength threshold.

The dashboard is fully interactive, allowing for an easier trading experience. Each symbol has an associated button, for each selected time frame. Clicking the button instantly opens the chart, saving the hassle of scrolling through the Market Watch to find the symbol.

Dashboard Layout

We have designed our dashboard to accommodate the average display, but due to MetaTrader’s display infrastructure, we are unable to automatically adapt to every single display, by default, whilst ensuring an efficient spacing matrix.

If your dashboard appears incorrectly, i.e. too congested/spaced, then please adjust the X Shift, Y Shift, Symbol Button Size, Line Height inputs. For example, using a 4k display, we have found the setup below to offer better results, but will likely need to be tampered with for individual displays.

Inputs

Symbols

By default, this is set to empty. When empty, the dashboard will use all symbols, actively selected in the “Market Watch”.
- The symbols within the “Market Watch” can be viewed by navigating within MetaTrader from View→Market Watch, or by hitting CTRL+M.
- If manual symbol selection is to be used, a strict formatting scheme must be followed.
- The symbols must be comma separated, and have no white space and no quotation marks.
- For example, if the dashboard is only to scan GBPUSD, AUDUSD and XAUUSD, the input would be GBPUSD,AUDUSD,XAUUSD.
- If your broker has modified symbols with any prefixes or suffixes, these must also be entered.

Trend Length

Main indicator value for signal production.
“Look-back” for the cycle phase.
This is not the same as a typical averaging period. Small changes in the length can vary the output significantly.

Fast Trend Length

Length for additional trend direction filter.
Functions similar to a typical averaging period.

Price Action Cycle Period

The number of bars in cyclic price action filter.

Price Action Cycle Bandwidth

The tolerance of the measurement of the price action cycle period.

Strong Bias Threshold

Absolute threshold for strong bias signals.
For example, if set to 4, any values greater than, or equal to 4, will present a Strong Bullish signal. Similarly, any signals below, or equal to -4, will present a Strong Bearish signal.

Alerts On

Enables push notifications to the terminal for divergence patterns.
Required for Mobile/Email alerts.

Mobile Push Alerts

Enables push notifications to your mobile device.
For this feature to operate, you must have the MetaTrader mobile app installed on your device, and you must enter the device’s MetaQuotes ID into the main MetaTrader terminal, under Tools→Options→Notifications.

Email Alerts

Enables email notifications.
For this feature to operate, you must have the MetaTrader email settings correctly configured under Tools→Options→Email.

Symbols Per Column

Each MetaTrader terminal is of a different size, depending on the user’s individual settings.
To adjust the number of symbols, per column, within the dashboard, change this input.

X Shift / Y Shift / Symbol Button Size / Line Height / Text Size

MetaTrader charts are generated from predefined pixel locations. Unfortunately, due to different monitors having different PPI (Pixels Per Inch) counts, it is impossible to generate a dashboard catering to every monitor, whilst also being efficient with spacing.
By default, the dashboard layout matrix is designed for displays with an average PPI count, in an attempt to cover as many displays as possible.
If for example, your display has a higher PPI count, then the size of the buttons will be smaller than necessary, and the information display will be inconvenient.

Use x timeframe

Enables scanning of the specified time frame.
If no timeframe is set to true, the dashboard will not load.
Please do not select more than 3 timeframes.

Important Considerations

Data Availability

The dashboard will function improperly if there is insufficient data for a specified symbol. To overcome this issue, ensure that every scanned symbol has enough bar data, for the specific timeframe being scanned. Once a chart has been loaded, ensure that the alphaheim; Trend Divergence indicator can be loaded, and correctly displays signals. Once this process has been complete, it the dashboard will never have further issues with regards to data.

Loading Times

Upon initial loading of the dashboard, the layout matrix, including the buttons, should appear very quickly. Please keep a track of the “Journal” and “Experts” tab under the Terminal Toolbox. If the layout does not appear within 10 seconds, and nothing is being updated in the tabs, then we recommend closing the chart, and attempt reloading.

After the layout has loaded, the loading time of the signals will vary, according to which MetaTrader version is being used, and how many scans are being performed. For MetaTrader 4 uses, please be patient, and avoid interrupting the terminal. MT4 only operates on a single core, and will take approximately 25 seconds to load 45 symbols across 3 different timeframes. Whilst the scans are being performed, you will be unable to use the terminal. If scanning timeframes under M5, please do not enforce a large number of symbols.

The dashboard will only update upon the initial load, and then for the opening of every new candle for the shortest timeframe being applied.

Our layout matrix has been designed to only handle a maximum of 3 timeframes for any given dashboard. We have designed this restriction to keep computation times low. If you would like to load more than 3 timeframes, please open another instance of the dashboard, on another chart.

Trend Divergence

anonymous@undisclosed.example.com (Anonymous) — Sun, 13 Dec 2020 00:42:34 +0000

Trend Divergence

System Overview

Introduction

The oscillator is based upon a zero-lag cycle phase implementation on price movement. A superimposed cyclical trend analysis is performed to produce an exact synchronization with the trend cycle component in the data. The algorithm will assess the significance between slope and each data point of the trend cycle period and plot the divergence signals as arrows.

Divergence Variants

Our in-house developed divergence indicator will plot four different divergence variations.

Classical Bullish Divergence

Price is making lower lows (LL), but the trend data is making higher lows (HL)
Following the signal, if the trend data fails to make a new low, it is likely that the price will rise, as price and momentum are normally expected to move in line with each other.

Classical Bearish Divergence

Price is making higher highs (HH), but the trend data is making lower highs (LH)

Hidden Bullish Divergence

Price is making higher lows (HL), but the trend data is showing lower lows (LL)

Hidden Bearish Divergence

Price is making lower highs (LH), but the trend data is making higher highs (HH)

Indicator

Inputs

Trend Length:

“Look-back” for the cycle phase.
This is not the same as a typical averaging period. Small changes in the length can vary the output significantly.

Draw Price Action Trend Lines

Option for drawing the divergence price action trend lines on the main chart.
Lines are drawn as Objects on the chart

Alerts

If enabled, upon a newly confirmed divergence signal, a notification alert will be presented to the terminal.

Enable Classical Divergences

Option will permit the identification and drawing of Classical Divergences
Classical divergence setups are drawn as solid lines
Ideal for stop and reverse trading

Enable Hidden Divergences

Option will permit the identification and drawing of Hidden Divergences
Hidden divergence setups are drawn as dashed lines
Ideal for trend continuation trading

Notes

Trading:

Trading every signal provided by the indicator will likely result in a loss-making strategy. It is imperative to consider other market factors. For divergence trading, key support and resistance levels will help filter erroneous signals. For the divergences, additional filtering may be suitable based upon the number of candles spanned, the price action difference.

Hidden Buffers:

We have programmed four hidden buffers to aid any automation from the indicator.

Divergence Type:

Buffer Index = 3
Output Values:
- 1 = Classical Bullish Divergence
- 2 = Hidden Bullish Divergence
- 3 = Classical Bearish Divergence
- 4 = Hidden Bearish Divergence

Price Action Difference:

Buffer Index = 5
On the signal candle, this buffer will hold the absolute difference between the two divergence price points.
Low price differences are used for bullish divergences, and high prices for bearish divergences.

Divergence Span Length:

Buffer Index = 6
On the signal candle, this buffer will hold the number of candles for which the divergence pattern spans across.

Dashboard

Overview

Divergence signals are produced at a lesser frequency than other indicators. For this reason, it is crucial to monitor a large number of symbols to find possible trading opportunities. We have designed a dashboard to scan as many symbols as the user desires, and provide further information about the signal, extending beyond the scope of the divergence signal.

Our dashboard will alert you of any new signals, but will also provide:

Candle index for which the signal was produced
- 0 is always referenced as the current candle
Number of candles for which the divergence spans across
Lag reduced indication of Trend Direction
Zero lag prediction attempt based upon Cyclical Price Action analysis

Dashboard Layout

Inputs

Symbols

By default, this is set to empty. When empty, the dashboard will use all symbols, actively selected in the “Market Watch”.
- The symbols within the “Market Watch” can be viewed by navigating within MetaTrader from View→Market Watch, or by hitting CTRL+M.
If manual symbol selection is to be used, a strict formatting scheme must be followed.
- The symbols must be comma separated, and have no white space and no quotation marks.
- For example, if the dashboard is only to scan GBPUSD, AUDUSD and XAUUSD, the input would be GBPUSD,AUDUSD,XAUUSD
- If your broker has modified symbols with any prefixes or suffixes, these must also be entered

Search Period

Divergence patterns will never appear on the current candle, or the preceding candle.
A pattern will only appear, at the very earliest, on the second candle.
The search period specifies, from the second candle inclusive, looking back, how many candles should be scanned to check for a pattern.

Classic Divergence / Hidden Divergence

The dashboard will be restricted to only display the specified variant of divergence.

Trend Length

Main indicator value for signal production.
“Look-back” for the cycle phase.
This is not the same as a typical averaging period. Small changes in the length can vary the output significantly.

Fast Trend Length

Length for additional trend direction filter.
Functions similar to a typical averaging period.

Price Action Cycle Period

The number of bars in cyclic price action filter.

Price Action Cycle Bandwidth

The tolerance of the measurement of the price action cycle period.

Alerts On

Enables push notifications to the terminal for divergence patterns.
Required for Mobile/Email alerts.

Mobile Push Alerts

Enables push notifications to your mobile device.
For this feature to operate, you must have the MetaTrader mobile app installed on your device, and you must enter the device’s MetaQuotes ID into the main MetaTrader terminal, under Tools→Options→Notifications.

Email Alerts

Enables email notifications.
For this feature to operate, you must have the MetaTrader email settings correctly configured under Tools→Options→Email.

Symbols Per Column

Each MetaTrader terminal is of a different size, depending on the user’s individual settings.
To adjust the number of symbols, per column, within the dashboard, change this input.

X Shift / Y Shift / Symbol Button Size / Line Height / Text Size

MetaTrader charts are generated from predefined pixel locations. Unfortunately, due to different monitors having different PPI (Pixels Per Inch) counts, it is impossible to generate a dashboard catering to every monitor, whilst also being efficient with spacing.
By default, the dashboard layout matrix is designed for displays with an average PPI count, in an attempt to cover as many displays as possible.
If for example, your display has a higher PPI count, then the size of the buttons will be smaller than necessary, and the information display will be inconvenient.

Use x timeframe

Enables scanning of the specified time frame.
If no timeframe is set to true, the dashboard will not load.
Please do not select more than 3 timeframes.

Important Considerations

Data availability

Loading Times

Upon initial loading of the dashboard, the layout matrix, including the buttons, should appear very quickly. Please keep a track of the “Journal” and “Experts” tab under the Terminal Toolbox. If the layout does not appear within 10 seconds, and nothing is being updated in the tabs, then we recommend closing the chart, and attempt reloading.

Triangular Moving Average Indicator

anonymous@undisclosed.example.com (Anonymous) — Thu, 12 Nov 2020 01:38:38 +0000

Triangular Moving Average Indicator

System Overview

Introduction

What is the TMA?

The Triangular Moving Average (TMA) is a Moving Average that has been averaged again (i.e. averaging the average); this creates an extra smooth Moving Average line. Generally, moving averages are smooth, but the re-averaging makes the Triangular Moving Average even smoother and more wavelike.

The TMA is a weighted average of the last n prices (P), whose result is equivalent to a double smoothed moving average:

SMA = (P1 + P2 + P3 + P4 + ... + Pn) / n

TMA = (SMA1 + SMA2 + SMA3 + SMA4 + ... SMAn) / n

Redrawing

Our TMA system takes the foundations from above, and implements a central gravity shift. The central shift requires extrapolation of data, but there is no 100% exact way of extrapolating data. So, that extrapolated gap is a subject of changes no matter what extrapolation method one uses. For this reason, there is an unavoidable redrawing aspect to this system.

Once the indicators have been loaded on the chart, they will not redraw. If a trading signal appears for a closed candle, it will not disappear. However, if you load the indicators on a chart, and subsequently reload the indicators after a set interval, you will notice the data mismatches. Using the TMA bands in isolation will not warrant accurate trading signals, but with the additional alphaheim TMA indicators, accurate trading signals can be generated.

TMA [Bands]

Inputs

Length

Averaging period for the TMA line.

Applied Price

Input data for the TMA calculations.

Signal Deviation

Standard Deviation from TMA line for arrow signals.

SL Deviation

Standard Deviation from TMA line for possible Stop Loss placement.

Arrow Formations

A bullish arrow will appear when a candle has closed lower than the lower “Signal Deviation” band, and the subsequent candle is of a bullish nature. Until the bullish candle has been confirmed, the arrow may appear and disappear. Once the candle has been confirmed bullish, the arrow will not redraw. Conversely, a bearish arrow will appear when a candle has closed higher than the upper “Signal Deviation” band, and the subsequent candle is of a bearish nature.

TMA-CD

What is the TMA-CD?

The Triangular Moving Average Convergence/Divergence indicator will provide information very similar to a conventional MACD indicator. We have designed it to be a trend-following momentum indicator that shows the relationship between TMA’s of a symbol’s underlying price data. The TMA-CD is calculated by taking the delta of two specified TMA lines, one fast, and one slow.

Trade Filtering

The initial TMA-CD image shows the market in a clear downtrend, with false bullish trading signals. The TMA-CD indicator successfully prevents this trade from being taken. By applying a dual TMA-CD application, it is possible to see a wider picture of the general market trend. Profitable trades are likely to be incorrectly filtered, but a large majority of losing trades are also correctly filtered.

TMA-CH

What is the TMA-CH?

The Triangular Moving Average Channel Helper indicator will help identify if a symbol is ranging, or about to break out of range.

Inputs

TMA Length

Averaging period for the underlying TMA line.

Applied Price

Input data for the underlying TMA calculations.

Signal Deviation

Standard Deviation from TMA line for formation of channel.

Min. Range (%)

Ceiling percentage for a Ranging market classification.

Lookback Period (Max/Min)

Search period, from the current candle, to seek highest and lowest points of the channel.

How does it work?

This indicator takes the current width of the TMA Bands and compares it to the maximum and minimum width over the “Lookback Period (Max/Min)”.

If the calculated percentage is less than or equal to “Min. Range (%)“, then the histogram shows Purple, indicating a ranging market. If the calculated percentage is 2x the “Min. Range (%)“, then the histogram shows Yellow, indicating the start/end of a range. If neither condition is met, the histogram shows Green for an upward channel in a non-ranging market, and Pink for a downward channel in a non-ranging market.

Trade Filtering

Utility of the TMA-CH indicator depends on an individual’s propensity to trade. The arrow signals from the TMA indicator may be better equipped to only trade in ranging markets, thus only taking trades when the channel helper is Purple. However, as evident from the image, trades in non-ranging markets can also be profitable, but will pose inherently riskier trades.

Getting Started

anonymous@undisclosed.example.com (Anonymous) — Thu, 17 Dec 2020 14:03:24 +0000

Getting Started

Virtual Private Server (VPS)

What is a VPS?

A virtual private server, also known as VPS, is a very powerful tool for Forex trading. It is a web hosting, which utilizes a data center to allow traders, various businesses and companies to trust their livelihood to a safer, more reliable, remote computer. With a direct ISP connection to their virtual private server, traders use better hardware to better control their trading operations, without any interruptions. Shared hosting allows to place a website or utilize a trading software on your VPS, while it also suffices the needs of other clients. A VPS provider charges the consumers a monthly fee for a virtual private server, this way covering the costs and expenses of the server. A VPS differs from shared hosting in that you do not share your designated resources with other users, because every individual receives a separate, partitioned part of the server with its storage, RAM, and an operating system. The cost of a virtual private can differ depending on the specifications offered.

Why do you need a VPS?

A VPS allows you to trade 24/7, without any interruptions, utilize a high-speed internet, and even completely automate your trades, by designing an algorithm, which reflects your trading strategy. You have access to your VPS from anywhere, as long as you have an internet connection. This incredible flexibility allows you to check and monitor your trades from any location. Because your virtual private server is in a different location, your automated trades will continue even during a power outage, which is the main flaw of a fully automated trading system based in your home. You can even completely separate yourself from technology, and your trades will continue to be executed. For more successful traders, the security of their trades is a major concern. A VPS has an extremely high level of security. Even the hardware of the server is constantly being checked to guarantee the highest level of functionality and security.

Which VPS provider and package to choose?

It is imperative to ensure you select the right VPS provider, for your specific broker. Take IC Markets, for example. IC Market trading servers are located in the Equinix NY4 data center, and thus, we must ensure our VPS is similarly located. In this particular case, fxvm.net offer a suitable VPS package, with an average latency of 2ms, a considerable improvement from the 120ms average on local machines.

FXVM Sign-Up Link: https://bestfxvps.com/

MetaTrader Helper

Placement of EAs, Indicators and Presets

If you wish to use externally sourced MetaTrader plugins, such as our own trading systems, please follow the steps below to ensure they are correctly located in the terminal’s directory.

From the main MetaTrader terminal, navigate to File→Open Data Folder→MQL4/MQL5.

EAs and Indicators will have an ex4/ex5 extension, and should then be placed in the “Experts” or “Indicators” folder.

Preconfigured setting files, with a set extension, should then be placed in the “Presets” folder.

Automated trading permission

By default, MetaTrader will disable Experts from automated trading. This will prevent any of our EAs from placing any trades. To remedy this, navigate to Tools→ Options. Under the “Expert Advisors” tab, check the “Allow automated trading” box. The nested boxes are safety nets, enable/disable at your desire.

Upon loading an EA to a chart, there should be a visible “smiley” face on the top right of the chart, as indicated below. If the emoticon is frowning, please check the settings again.

Opening charts and applying EAs/Indicators/Presets

To the right of your terminal, you should see some currency pairs in various colours under the header of “Market Watch”. If this is not the case, navigate from the top toolbar View→Market Watch.

Then, right click on any currency pair, and click “Chart Window”.

Under the “Market Watch”, there should be a “Navigator” panel. If not navigate to View→Navigator. From within this panel, under “Expert Advisors” and “Indicators” you should see all of the available files. If you don’t see it, right click on something in the navigator panel, and hit “Refresh”.

To load a Preset, load the EA/Indicator, then switch to the “Inputs” tab. Click “Load”, and the Preset files should appear.

Back-testing

Access the Strategy Tester

The “Strategy Tester” is accessible by either hit CTRL+R, or navigating to View→Strategy Tester.

MetaTrader 4 Specific Issues

Insufficient Data

Upon an initial attempt at back-testing a system, you may have insufficient data to test over a given period. This data comes directly from your trading broker, and will vary according to each specific broker. In order to gain as much data as possible, navigate to Tools→History Center. Select a symbol to worth with, and open the “1 Minute” data. Scroll down to the last result, select the row, then hit “Edit”. Change the values as below, then hit “OK”. Click “Download”, then “Close”. Proceed to open the 1 Minute chart for the modified symbol, and scroll back as far as possible. This will then hopefully load as much data as possible from the broker server. Following this, revert back to the History Center and delete the false row modified earlier on.

Fixed Spread and Data Quality

The Strategy Tester in MT4, with its default configuration, is not sufficiently reliable. In order to produce the most accurate reports possible, it would be wise to test using a third party testing plug in, such as Tick Data Suite. TDS will be able to use accurate tick data, and also emulate the variable spread and slippage. Utilising TDS will also permit a wider data range for testing.

Installation Instructions

All of our products are authenticated through our server. In order for the product to be utilised, two steps must be followed to allow MetaTrader to perform the authentication steps.

Allow DLLs

The usage of DLLs must be permitted in order for the activation process to occur.
To allow DDLs, from the MetaTrader terminal, navigate to Tools→Options→Expert Advisors. From here, please check the “Allow DLL imports” box.

Installer

We have designed a user-friendly installer to automatically place all alphaheim indicators/experts in the designated folder. The installer can be found from your alphaheim account under “Downloads” for the purchased product.

Authentication

Most of our products require authentication for utilisation. In the case of an authorisation failure, the indicator/EA will fail to load, and display “Unregistered” on the chart.

In order to ensure your product is successfully authenticated, please ensure the following steps are followed.

DLLs have been allowed. Please refer to the prior section for assistance.

Your Alphaheim account email has been set in the indicator/EA inputs.

When loading our products on a chart, there will be an “Inputs” tab, identical to the image below. This field must be entered, and must have an active subscription.

The MetaTrader Account number matches the registered account number in the Alphaheim account portal.

When subscribing for a product, you must enter the account number for which the product will be used. Your MetaTrader account number will be displayed on the top left of the MetaTrader terminal. The account number stored on our site can be changed at any time using the steps below.

If you would like to view/change the Account number used for Alphaheim authentication, please follow the steps indicated in the images.

1) Click “Account” and ensure you are logged in.

2) Click “My Subscription”.

3) Click “View” for the subscription to would like to amend. For the purpose of this image, the subscription details have been obscured.

4) Once the detailed subscription page loads, scroll down and click the “Update A/C No.” link.

5) View / Update the MetaTrader Account number used for our authentication method.

Volume Insight & Divergence

anonymous@undisclosed.example.com (Anonymous) — Sat, 12 Dec 2020 18:16:10 +0000

Volume Insight & Divergence

System Overview

Introduction

Volume analysis plays an imperative role in the determination of a market’s bias. By inspecting the flow of money in a particular direction, it is possible to project upcoming trends and filter erroneous trades against an asset’s overall sentiment.

Typical volume indicators such as the On-Balance-Volume (OBV) provide a useful insight, but lack a significant bias indication and are extremely choppy. Our Volume Insight indicator solves this issue by providing a bias for the flow of money within the asset over a defined period, and also smooths out the cumulative differences to filter out the noise. Application of our smoothing algorithm warrants our Volume Divergence indicator to produce high quality trading signals, with a significant edge over OBV divergences, a highly profitable system in itself.

Volume Divergence Variants

Our in-house developed divergence indicator will plot four different divergence variations.

Classical Bullish Divergence

Price is making lower lows (LL), but the oscillator is making higher lows (HL).

Classical Bearish Divergence

Price is making higher highs (HH), but the oscillator is making lower highs (LH).

Hidden Bullish Divergence

Price is making higher lows (HL), but the oscillator is showing lower lows (LL).

Hidden Bearish Divergence

Price is making lower highs (LH), but the oscillator is making higher highs (HH).

Indicator

Volume Insight/Divergence Indicator

Volume Period

“Look-back” period for the volume calculations.
Our indicator will inspect the cumulative volume accumulation, dependent on the direction of movement.

Averaging Period

Averages the volumes over a defined period, alleviating choppiness.

Averaging Method:

Averaging method.

Applied Volume (MT5 Only):

Type of volume to be used for underlying calculations.
Forex assets typically utilise Tick Volumes, whereas equities typically utilise Real Volumes.

Volume Divergence Indicator

Enable Classical Divergences

Option will permit the identification and drawing of Classical Divergences.
Classical divergence setups are drawn as solid lines.
Ideal for stop and reverse trading.

Enable Hidden Divergences

Option will permit the identification and drawing of Hidden Divergences.
Hidden divergence setups are drawn as dashed lines.
Ideal for trend continuation trading.

Notes

Volume Insight Crossover

One possible trading strategy may utilise the faster movement in volume against a slower moving average of volumes. In the image above, a faster moving volume average is visualised with a green line, and the slower with a blue line.

Volume Divergences

Our volume divergence signals have a high predictive accuracy when utilised with the correct settings for a given asset and time frame. From above, two trading signals were provided on EURUSD H1, a classical bearish divergence and a hidden bearish divergence, both yielding highly profitable trades.

Volume divergences can be traded with higher accuracy by considerations of key support and resistance levels in conjunction with Fibonacci levels.

Volume Insight Combined with alphaheim;Timing Indicator

Another high probability trading method can be achieved utilising our Volume Insight indicator, applied twice, combined with our timing indicator. In the image above are two short trades signalled by our trading system.

Our first check is to ensure a bullish timing candle has crossed below a certain threshold. In this case, the set threshold is -8.

Our secondary confirmation is to ensure the faster moving volume insight line is less than zero, and also below the slower moving volume insight.

In the image above, the yellow and orange lines represent the trade entry for each respective trade. In the hourly chart above, we have used a 10-bar high for the SL, with a Risk:Reward ratio of 1. However, we also highly recommend experimenting with ATR based SL from alternating timeframes. For example, on a H1 chart, we have found great success using a SL based on the M30 ATR applied with a set multiplier, and a R: R of 1.5.

Ideal Trading Setup

Our recommended trading strategy has been derived from extensive stress tests and strategy curation. This strategy combines our unique indicators, and provides a refreshing approach to trading.

In the example above, a long position was placed on the open of the vertical green line.

Long Trade logic:

Bullish divergences on both Volume and Trend indicators, within x candles. In the case above, x was defined as 5.
The Trend Bias indicator is greater than, or equal to 0. For stronger confirmations it would have been possible to wait until the bias was strictly greater than 0.
Depending on the market conditions, a consideration may be provided to Fibonacci levels.
Stop-Loss placement can vary according to a trader’s preference. In the case above, the SL was placed at a recent swing low.

As evident from the magenta line, the maximum profit potential for this specific trade was 230 pips. On average, when utilising this strategy on higher timeframes, we have found setups to have an accuracy rating of 83%, whereby an accurate setup is defined as yielding a profitable trade with a Risk: Reward greater than 1. The maximum pip potential does have a relatively large variation, ranging up to 1500pips.

Volume Divergence Indicator Hidden Buffers

We have programmed four hidden buffers to aid any automation from the indicator.

Divergence Type

Buffer Index = 3
Output Values:
- 1 = Classical Bullish Divergence
- 2 = Hidden Bullish Divergence
- 3 = Classical Bearish Divergence
- 4 = Hidden Bearish Divergence

Oscillator Difference

Buffer Index = 4
On the signal candle, this buffer will hold the absolute difference between the two divergence extrema.

Price Action Difference

Buffer Index = 5
On the signal candle, this buffer will hold the absolute difference between the two divergence price points.
Low price differences are used for bullish divergences, and high prices for bearish divergences.

Divergence Span Length

Buffer Index = 6
On the signal candle, this buffer will hold the number of candles for which the divergence pattern spans across.

Dashboard

Overview

Our dashboard will alert you of any new signals, but will also provide:

Candle index for which the signal was produced.
- 0 is always referenced as the current candle.
Number of candles for which the divergence spans across.
Lag reduced indication of Trend Direction.
Zero lag prediction attempt based upon Cyclical Price Action analysis.

Dashboard Layout

Inputs

Symbols

By default, this is set to empty. When empty, the dashboard will use all symbols, actively selected in the “Market Watch”.
- The symbols within the “Market Watch” can be viewed by navigating within MetaTrader from View→Market Watch, or by hitting CTRL+M.
If manual symbol selection is to be used, a strict formatting scheme must be followed.
- The symbols must be comma separated, and have no white space and no quotation marks
- For example, if the dashboard is only to scan GBPUSD, AUDUSD and XAUUSD, the input would be GBPUSD,AUDUSD,XAUUSD
- If your broker has modified symbols with any prefixes or suffixes, these must also be entered.

Search Period

Divergence patterns will never appear on the current candle, or the preceding candle.
A pattern will only appear, at the very earliest, on the second candle.
The search period specifies, from the second candle inclusive, looking back, how many candles should be scanned to check for a pattern.

Classic Divergence / Hidden Divergence

The dashboard will be restricted to only display the specified variant of divergence.

Volume Period

“Look-back” period for the volume calculations.
Our indicator will inspect the cumulative volume accumulation, dependent on the direction of movement.

Averaging Period

Averages the volumes over a defined period, alleviating choppiness.

Averaging Method

Averaging method.

Applied Volume (MT5 Only)

Type of volume to be used for underlying calculations.
Forex assets typically utilise Tick Volumes, whereas equities typically utilise Real Volumes.

Fast Trend Length

Length for additional trend direction filter.
Functions similar to a typical averaging period.

Price Action Cycle Period

The number of bars in cyclic price action filter.

Price Action Cycle Bandwidth

The tolerance of the measurement of the price action cycle period.

Alerts On

Enables push notifications to the terminal for divergence patterns
Required for Mobile/Email alerts.

Mobile Push Alerts

Enables push notifications to your mobile device.
For this feature to operate, you must have the MetaTrader mobile app installed on your device, and you must enter the device’s MetaQuotes ID into the main MetaTrader terminal, under Tools→Options→Notifications.

Email Alerts

Enables email notifications.
For this feature to operate, you must have the MetaTrader email settings correctly configured under Tools→Options→Email.

Symbols Per Column

Each MetaTrader terminal is of a different size, depending on the user’s individual settings.
To adjust the number of symbols, per column, within the dashboard, change this input.

X Shift / Y Shift / Symbol Button Size / Line Height / Text Size

MetaTrader charts are generated from predefined pixel locations. Unfortunately, due to different monitors having different PPI (Pixels Per Inch) counts, it is impossible to generate a dashboard catering to every monitor, whilst also being efficient with spacing.
By default, the dashboard layout matrix is designed for displays with an average PPI count, in an attempt to cover as many displays as possible.
If for example, your display has a higher PPI count, then the size of the buttons will be smaller than necessary, and the information display will be inconvenient.

Use x timeframe

Enables scanning of the specified time frame.
If no timeframe is set to true, the dashboard will not load.

Important Considerations

Data availability

Loading Times

Upon initial loading of the dashboard, the layout matrix, there may be a noticeable delay. Please keep a track of the “Journal” and “Experts” tab under the Terminal Toolbox. If the layout does not appear within a few minutes, and nothing is being updated in the tabs, then we recommend closing the chart, and attempt reloading. When utilising a large number of symbols and a notable number of timeframes, please be patient as there is a vast amount of data to be processed.

After the layout has loaded, the loading time of the signals will vary, according to which MetaTrader version is being used, and how many scans are being performed. For MetaTrader 4 uses, please be patient, and avoid interrupting the terminal. MT4 only operates on a single core, and will take approximately 25 seconds to load 45 symbols across 3 different timeframes. Whilst the scans are being performed, you will be unable to use the terminal. If scanning timeframes under M15, please do not enforce a large number of symbols.

The dashboard will only update upon the initial load, and then for the opening of every new candle for the shortest timeframe being applied.